Masdar Expands Renewable Energy Portfolio To 65 GW, Setting Path To 100 GW By 2030

Masdar reports that its renewable energy portfolio capacity has climbed to 65 gigawatts, compared with 51GW in 2025, putting the company about two-thirds of the way to its 100GW 2030 goal and underscoring how early clean energy investment has scaled over two decades since the UAE chose to back utility-scale low-carbon power.

Of the 65GW portfolio, Masdar confirms that 45GW is already operating, being built, or contractually committed, while a further 20GW sits in an advanced development pipeline, positioning the company as one of the largest renewable asset owners and operators in markets where electricity demand is being reshaped by electrification, economic expansion and rapid Artificial Intelligence deployment.

To reach the 100GW target by 2030, Masdar plans to deploy between US$30 billion and US$35 billion in equity and project finance, adding roughly 10GW of new renewable capacity each year, using a mix of shareholder equity, green bonds and long-term non-recourse project financing secured against contracted or otherwise high-quality assets.

Masdar states that its equity investments will remain diversified across solar, wind and other renewable technologies, with a weighting towards high-growth, investment-grade economies, while long-term partnerships and technology innovation, supported by around US$45 billion invested to date, have already driven lower generation costs, higher plant efficiency and helped manage issues such as intermittency, enabling renewables to become one of the cheapest and fastest forms of new electricity capacity globally.

Activity during 2025 added several large projects to Masdar’s portfolio and accelerated global expansion, particularly inside the UAE, where Masdar and EWEC began building what is described as the world’s first gigascale round-the-clock renewable energy project, combining a 5.2GW solar photovoltaic plant with a 19GWh battery energy storage system designed to deliver dispatchable clean power at scale into the national grid.

In Europe, Masdar completed the 100 percent acquisition of TERNA ENERGY in Greece, deepened its collaboration with ENEL and Endesa in Spain through a €368 million solar photovoltaic portfolio purchase, and achieved financial close with Iberdrola on the €5.2 billion East Anglia THREE offshore wind project in the United Kingdom, which is cited as one of the largest offshore wind financings arranged over the past decade.

International diversification of Masdar renewable energy assets

Masdar’s offshore wind position expanded further in 2025 when the 476MW Baltic Eagle wind farm in Germany reached full energization, representing the first operational milestone delivered under Masdar’s partnership with Iberdrola in the German offshore market, while new agreements in Southeast and Central Asia included 1GW of projects in the Philippines, a 200MW floating solar plant in Malaysia and Uzbekistan’s largest standalone battery energy storage project at Zarafshan.

Masdar also moved to strengthen its capital structure in 2025 through issuing its third green bond, taking cumulative green bond issuance to around US$2.75 billion and providing additional financing flexibility as the company scales assets across more than 40 countries, supporting energy security, economic diversification and sustainable development outcomes in both developed and emerging markets.

Dr. Sultan Ahmed Al Jaber, Chairman of Masdar, said, "Twenty years ago, President His Highness Sheikh Mohamed bin Zayed Al Nahyan took a bold strategic decision to invest in renewables before they were proven at scale. Reaching 65 gigawatts today shows what is possible when visionary leadership sets a clear direction, does not waver, and stays the course. The next phase of growth will be defined by the fusion of energy, advanced manufacturing and artificial intelligence, creating smarter systems, stronger industries and more resilient economies. Through Masdar, the UAE is helping power that future and driving sustainable human progress around the world."

Reflecting on Masdar’s trajectory, Chief Executive Officer Mohamed Jameel Al Ramahi said, "Masdar’s first 20 years have been defined by ambition, discipline, innovation and partnership. Those same attributes will guide us to reach our 100GW target, while providing attractive returns to our shareholders and helping power prosperity for our partners around the world. Global electricity demand is growing fast, and Masdar is perfectly positioned to help meet that demand across some of the world’s most promising and most commercially attractive markets. I am proud of all our colleagues who have played a role in our first 20 years, and I look forward to what the next 20 will bring."

Since being founded in 2006, Masdar has developed or invested in renewable projects across more than 40 countries, and with a 65GW portfolio, a large project pipeline and defined financing plans through 2030, the company positions its renewable energy activities as a long-term contributor to energy security, economic diversification and sustainable growth in the UAE, wider Middle East and international markets.

With inputs from WAM